GEORGE TOWN, Cayman Islands (AP) _ Global Indemnity PLC (GBLI) on Wednesday reported first-quarter net income of $5.5 million, after reporting a loss in the same period a year earlier.

The George Town, Cayman Islands-based company said it had profit of 37 cents per share. Earnings, adjusted for investment gains, were 9 cents per share.

The insurance and reinsurance holding company posted revenue of $157.7 million in the period.

Global Indemnity shares have increased roughly 4% since the beginning of the year. The stock has climbed 25% in the last 12 months.

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